I want opinions because I like what I see so far... I don't smell anything yet but it has a too good to be true feel to it after the way it took off so far.
If you want to watch something in progress, call it a scam, or jump on the next DELL, watch JBII.OB
He underpromised and overdelivered. He said 25 joint ventures on the east coast and so far has a letter of intent for 45 land based JV's in Florida alone, as well as gears in motion to retrofit oil tankers to do this at sea.
John Bordynuik says he make a near gasoline product for $10 a barrel from various waste plastics and have agreements from refiners that will pay WTI minus $3 per barrel. So far the goal is to do a "land rush", set up land based joint ventures, also retrofit oil tankers to do plastic to oil at sea, and sell to the Caribean...gas is about $275 per barrel in bermuda, $167 in dominican republic. Gasoline, WTI, diesel, whatever conversion you use this co can do it relatively cheaply.
It is all because the original business, a magnetic tape reading business with MIT and NASA as customers, came across some data on plastic to oil experiments with different catalysts. I have used my ihub search feature and I figure it has to be a land rush because it is unpatentable? Is that a word? If they can patent it, why do a "land rush"?
